By William Gullotti
Buffalo, N.Y., Aug. 26 – Guangxi Liuzhou Rail Transit Investment Development Group Co., Ltd. sold $50 million of 2.3% credit-enhanced bonds due 2024, according to a listing notice Thursday.
The bonds are backed by an irrevocable standby letter of credit issued by Hua Xia Bank Co., Ltd. Nanning Branch.
Guotai Junan International and Hua Xia Bank Co., Ltd. Hong Kong Branch are the lead joint global coordinators for the offering.
They are joined by Zhongtai International and BG Securities (HK) as joint global coordinators, joint lead managers and joint bookrunners.
The Regulation S bonds are expected to be listed on the Stock Exchange of Hong Kong Ltd. on Aug. 27.
The issuer is involved in investment, construction, operation and management of rail transit projects.
| Issuer: | Guangxi Liuzhou Rail Transit Investment Development Group Co., Ltd.
|
| Issue: | Credit-enhanced bonds
|
| Amount: | $50 million
|
| Maturity: | 2024
|
| Bookrunners: | Guotai Junan International, Hua Xia Bank Co., Ltd. Hong Kong Branch, Zhongtai International and BG Securities (HK)
|
| Coupon: | 2.3%
|
| Pricing date: | Aug. 23
|
| Listing date: | Aug. 27
|
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